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A comment on Bitcoin Bucket Shop Kicks Bucket. Parent comment

Re:Bitcoin Bucket Shop Kicks Bucket by lorddoig on Friday June 19, 2015 @03:42PM (#9747164)
It's a number I found some time ago that on further investigation appears to be quite wrong as you say. It seems it's closer to 1tn USD annually, which would rank around number 16 in world GDP tables.

Edit because HN isn't allowing a reply: these numbers are industry revenue, not profit.

    https://www.bcgperspectives.com/content/articles/financial_institutions_pricing_global_payments_2014_capturing_next_level_value/
    http://data.worldbank.org/indicator/NY.GDP.MKTP.CD?order=wbapi_data_value_2013+wbapi_data_value+wbapi_data_value-last&sort=desc
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Re:Bitcoin Bucket Shop Kicks Bucket by tptacek on Friday June 19, 2015 @03:49PM (#9747222)
That huge number also does not square with the 2014 profits of the largest issuers. Look at Amex and Discover, both of which have relatively pure issuer/payment processing businesses.
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Re:Bitcoin Bucket Shop Kicks Bucket by lorddoig on Friday June 19, 2015 @04:02PM (#9747283)
Now it decides I can reply.

It's revenue, not profit, because I'm coming at this from the perspective of money (potentially) wasted. It's all in the first link.

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